Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Singapore Dollar/Czech Koruna (FOREX:SGDCZK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SGDCZK
The long term trend has been DOWN since Sep 11th, 2018 at 16.007
The intermediate term trend has been DOWN since Aug 27th, 2018 at 16.141
The short term trend has been UP since Sep 19th, 2018 at 15.955
Smart Scan Analysis for SGDCZK
Based on a pre-defined weighted trend formula for chart analysis, SGDCZK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).